The Graveyard › Banks › 1987
West Texas State Bank of Canyon
Canyon, TX · failed November 13, 1987 · FDIC certificate 19676
West Texas State Bank of Canyon of Canyon, TX failed on November 13, 1987. It opened on February 18, 1967, 20 years before. At its last report before that it held $20.4 million in assets and $20.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $25.7 million. The FDIC estimates that the FDIC's insurance fund lost $3.3 million on it.
1984-031987-09
Assets at the end$20.4 millionlast report before November 13, 1987
Deposits at the end$20.0 million
Estimated loss to the fund$3.3 millionFDIC
Largest in the quarterly reports$25.7 millionMarch 31, 1987
Equity to assets1.5%September 30, 1987
Loans not being repaid5.9%noncurrent, September 30, 1987
Return on assets-7.41%a year's rate, September 30, 1987
Staff14full time, September 30, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.